Wall St The Week Ahead: Jobs data may calm investors
IF AMERICAN hiring picked up in March at a healthy pace, that could convince US investors this week that the economy’s recent setbacks caused by the weather were only temporary.
Friday’s monthly jobs report, the most widely watched US economic indicator, is expected to show that nonfarm payrolls added 200,000 jobs in March, according to a Reuters poll of economists.
The Institute for Supply Management will release its national surveys for March on the manufacturing and services sectors, which are expected to show improvement from the previous month as well.
Car sales for March will be released, along with ADP’s private-sector payrolls report for March and data on the US international trade deficit for February.
Monsanto is due to report earnings this week, along with Micron Technology.